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Massive payday for WellPoint execs
In Southern California, anger at CEOs has reached the boiling point over the recent discovery last week that the proposed purchase of local insurer WellPoint Health Networks by Indiana-based Anthem (ATH, news, msgs) could trigger $357 million in bonuses to WellPoint executives. Chief executive Leonard Schaeffer alone would pocket $37 million in cash, plus $45 million in pension rights. All this at a time when HMOs are increasing premiums due to the allegedly rising cost of health care.

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